Three Investment mistakes I made while I started earning. I Want to share my experience with all freshly qualifieds who have started saving and investing.
Strategy number one – “Always follow 10% rule”. Never hold a single stock more than 10% of overall portfolio.
Strategy number two – Always use stop loss on all your positions.
Strategy number three – Never be too much optimistic for any of your positions. Act smartly.
Strategy number one – Always keep your exposure in all sort of assets, i.e Metals, Mutual Funds, Equities, REITS, Digital Assets, P2P Lending products, Fixed Income Products.
Strategy number two – Diversify your asset such that it fulfils your utility too. Example – Investment in Gold can be used during time of your marriage. P2P lending products may cater your liquidity income. Investment in Real estate may be useful to build your home or office in some years. Fixed Deposit may help you during tough times.
Strategy number one – Never investment into small private businesses until you understand them well and do your own due diligence.
Strategy number two – Never invest with so minute stake where you do not get much decision making or information seeking powers.
Savings + Investments would make you wealthy.